Gov. Andrew Cuomo of New York has announced the county-by-county breakdown of the more than 3000 jobs that will be lost during the newest round of layoffs for New York State. As it turns out almost 30 percent of the 3,496 jobs that are slated to be cut by the state come from Albany County. [...]
Continue reading...Monday, March 28, 2011
Diamond Aircraft, maker of small aircraft and motor gliders, announced that they would be laying off 213 people, which is more than half of the workers at its London, Ontario, Canada plant. It is doing so as a result months of waiting for a loan that it has not yet received from the government that [...]
Continue reading...Monday, February 21, 2011
As protests continue in Wisconsin over proposed legislation to strip state employees of collective bargaining rights, Governor Scott Walker told Fox News that the alternative is as many as 12,000 layoffs. Large scale protests continue in Wisconsin, with counter protests driven by the Tea Party Patriots have begun causing tension in the capitol. Republicans control [...]
Continue reading...Friday, February 18, 2011
Fair Isaac Corporation, better known as FICO, will lay off 200 employees or about 9% of its total work force. The layoffs are part of an ongoing restructuring caused by a slowdown in the financial market. FICO is best known for the development of the FICO score, the industry standard for credit scores used by [...]
Continue reading...Wednesday, January 26, 2011
Over 1,700 middle-management workers are about to face unemployment as part of a restructuring plan at Lowe’s Company Inc., the second-biggest chain of retail home improvement and appliance stores in the US. The company said that it will now focus on cutting its expenses and boosting its revenue to stay competitive. The North Carolina-based company [...]
Continue reading...Wednesday, December 22, 2010
The Shore Memorial Hospital in Somers Points, New Jersey revealed its plan of eliminating over 60 hospital workers, in which 31 are non-union employees and 21 are union nurses, in line with its cost-cutting plan. The slated lay off is in addition to the layoff of 43 workers who recently accepted a buyout package offered [...]
Continue reading...Tuesday, December 21, 2010
Officials in the city of Paterson, New Jersey are planning to axe over 150 police officers, representing 30% of the police force, to mend the city’s $54 million budget gap. Based on the reports, the council, together with Mayor Jeffrey Jones, had a closed door meeting on Friday to tackle the possible citywide layoffs and [...]
Continue reading...Friday, December 17, 2010
More than 100 workers face an impending lay off as the Passaic County, NJ officials scout for effective ways to close the $7 million budget gap in 2011. The Board of Chosen Freeholders, with 6-1 votes, will now order the county Administrator Anthony J. De Nova to start creating a layout plan on the slated [...]
Continue reading...Wednesday, December 15, 2010
AstraZeneca, a global pharmaceutical and biologics company based in the UK, may lay off some of its staff after its sales on some key drugs have been greatly affected by the boom of the cheaper generic competition recently. The drug giant has already employed a restructuring plan that entailed cutting costs, innovating its research, developing [...]
Continue reading...Wednesday, December 15, 2010
Over 650 workers face an impending lay off as the Yahoo Inc., a California-based worldwide web portal, plans to slash its workforce to reduce costs and increase profits. Reports said that around 5% of its staff will be eliminated soon, which is equivalent to 650 employees, from the product units of the multinational company. Yahoo [...]
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Tuesday, October 4, 2011
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